Benzinga | Oct 8, 2021 12:31PM EDT

Air Lease Reports Q3 Activity Update, Delivered 16 New Aircraft From Order Book

* Air Lease Corp (NYSE:AL) updated on aircraft investments, sales, and new significant financing occurring in 3Q21.

* ALC's fleet comprises 370 owned and 89 managed aircraft as of September 30, 2021, with 320 new aircraft on order from Boeing Co (NYSE:BA) and Airbus SE (OTC:EADSY) set to deliver through 2027.

* The company delivered sixteen new aircraft from the order book, including one Airbus A320neo, six Airbus A321neos, seven Boeing 737-8s, and two 737-9s.

* Aircraft investments totaled ~$800 million. No aircraft sales occurred during the quarter.

* The company issued $1.1 billion of senior unsecured medium-term notes comprised of $600 million of 0.80% senior unsecured medium-term notes due 2024 and $500 million of 2.10% senior unsecured medium-term notes due 2028.

* The company also upsized senior unsecured revolving credit facility to $6.5 billion from $6.4 billion.

* Price Action: AL shares are trading higher by 0.45% at $41.71 on the last check Friday.